Which of the Following Statements Is True About the High

question 68

Multiple Choice

Which of the following statements is true about the high rate of mortgage defaults that contributed to the financial crisis of 2007 and 2008?

• A)High interest rates on mortgage loans were the primary cause of defaults.
• B)The high rate of defaults occurred despite the efforts of government to discourage new home ownership and slow the growth of the housing bubble.
• C)Prior to the rise in defaults, banks had become lax in their lending practices, resulting in a large number of bad loans.
• D)The high rate of defaults resulted primarily from the two years of recession preceding the mortgage default crisis.

Comprehend the concept of an identity gap in the context of organizational change.

Identify the factors that lead to resistance to change and strategies for overcoming it.

Recognize the role and characteristics of change agents in organizational change.

Discuss the impact of organizational change on employee well-being and job attitudes.

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Definitions:

U.S. Households

Refers to living arrangements in the United States, encompassing all the people who occupy a housing unit.

Economic Change

encompasses shifts in an economy's structure or performance, impacting employment, income levels, and the production of goods and services.

State And Local Tax

Taxes imposed by individual states and localities, including income, sales, property, and other taxes, varying significantly across different jurisdictions.

Discretionary Income

The amount of an individual's income available for spending after accounting for essential expenses, such as taxes and necessities.